New Yorkers Are Fleeing to the Suburbs: 'The Demand Is Insane'

[appalachiablue]

6. 'Rise of the Suburbs, July Homes Sales Shoot to 14 Yr High: US Cities Seeing Fortunes Change'

This trend is happening because of several factors; Covid, pent up demand since spring, very low interest rates now, desire for larger spaces to work remotely from home and kids to learn at home, and recent foreclosures.
In NY, San Fran, LA & other areas urbanites are moving to the burbs according to a few articles I added to this post.

-> I hope *Dems who've moved, remember to update their VOTING STATUS soon and well before the Nov. 3 election.

- Rise of Suburbs, July Home Sales Shoot to 14 Yr High, Cities Seeing Change, Aug. 21, 2020,
https://democraticunderground.com/1016266623
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- Pandemic Fuels Housing Boom, Bloomberg Bus. News, Aug, 20, 2020,
https://www.bloomberg.com/news/articles/2020-08-20/covid-pandemic-fuels-u-s-housing-boom-as-urbanites-swarm-suburbs

..The exodus to sparser landscapes is happening across the U.S., but it’s most dramatic outside pricey, crowded New York, Los Angeles, and San Francisco. In Manhattan, signed sales contracts for condos and co-ops fell 60% in July, from a year earlier. Meanwhile, in the northern bedroom communities of Westchester County and Fairfield County, Conn., deals for single-family homes doubled, according to appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate.

Price growth slowed from pre-lockdown levels in urban sections of Boston, Detroit, and Washington, D.C.; but they accelerated in their suburbs, according to an analysis by Zillow. Home prices in Boston, for example, rose 2.1% in July while they climbed 5% in the suburbs. In Washington, they rose 3.6% and increased 4.4% further out...